An anti-corruption watchdog ranks the US and Germany as the most active at enforcing rules prohibiting multinational companies from using bribes in foreign markets, but said in October last year that half the world’s top exporters are doing little or nothing at all to investigate or prosecute offenders.
A new report from Transparency International showed only the US, Germany, Britain and Switzerland actively enforced the Organization for Economic Cooperation and Development (OECD) Anti-Bribery Convention agreed upon by 40 major exporting countries.
The 1997 OECD convention prohibits bribes to win contracts and licenses, or to dodge taxes and local laws.
At the same time, 20 countries that together account for about 27 percent of the world’s exports, including G20 members Japan, Brazil, South Korea and the Netherlands, showed little or no enforcement, the watchdog said.
“The 40 countries, which represent more than two-thirds of global exports, would make it very hard to get away with bribery, if they lived up to the requirements of the OECD anti-bribery convention,” Transparency International head Hugette Labelle said in a statement.